$1,125,000
SOLD APR 11, 2025

351 Passaic Ave Lodi, NJ 07644

6 Beds
4 Baths
3,186 Sq Ft
3,698 Sq Ft Lot

Recently Sold

$353 Per Sq Ft

12% Above List Price

19 Days on Market

About This Home

As of April 2025

Great 4 family Investment Property!!! This turn key, 4 family home has been totally renovated and fully occupied with great income. Some of the upgrades are hardwood floors, newer kitchens and baths, newer windows, gas furnace and so much more! There are Two 2 bedroom units and Two 1 bedroom units.There is no need to do any work in any of the units. Start collecting rent on this fully occupied investment on day one! All gas heat, no oil tank!

Last Agent to Sell the Property

Philip Roselli

Roselli Realty, LLC Listed on: 02/20/2025

Last Buyer's Agent

Joanna Orlowski

LPT Realty

LPT Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,456

Lot Details

  • 3,698 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 15 / 12

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,456

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: 973-928-1932
  • MLS Status: Sold - Sold
  • Directions: Direct on Passaic st.
  • Architectural Style: 4 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 6
  • Basement Remarks: Full unfinished

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected

Lot Info

  • Lot Size Sq Ft: 3698.0

Tax Info

  • Tax Annual Amount: 12456.0
  • Tax Block: 12
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2025
Closed on
Apr 9, 2025
Sold by
Morales Cristian J and Semioli Virginia
Bought by
Dawid Szast Llc
Seller's Agent
Philip Roselli
Roselli Realty, LLC
Buyer's Agent
Joanna Orlowski
LPT Realty
List Price
$1,000,000
Sold Price
$1,125,000
Premium/Discount to List
$125,000
12.5%
Views
26
Current Estimated Value
$1,132,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,018
Avg. Annual Appreciation
0.89%
Original Mortgage
$843,750
Outstanding Balance
$839,990
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$292,028

Purchase Details

Closed on
Mar 10, 2017
Sold by
Semioli Virginia and Targi Aniello
Bought by
Morales Cristian J and Semioli Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,125
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 6, 2011
Sold by
Belli Gladys
Bought by
Semioli Virgina and Targi Aniello

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $1,125,000 Green Hill Title
Deed $1,125,000 Green Hill Title
Deed $450,000 Safe Land Title Agency
Deed $320,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $843,750 New Conventional
Closed $843,750 New Conventional
Previous Owner $356,125 FHA
Previous Owner $256,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2025 04/16/25 Off Market $1,125,000 -- --
04/11/2025 04/11/25 Sold $1,125,000 +12.5% $353 / Sq Ft
03/11/2025 03/11/25 Pending -- -- --
02/20/2025 02/20/25 For Sale $1,000,000 -- $314 / Sq Ft
Source: New Jersey MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,456 $371,600 $123,600 $248,000
2024 $12,174 $371,600 $123,600 $248,000
2023 $12,129 $371,600 $123,600 $248,000
2022 $12,129 $371,600 $123,600 $248,000
2021 $12,281 $371,600 $123,600 $248,000
2020 $12,207 $371,600 $123,600 $248,000
2019 $12,040 $371,600 $123,600 $248,000
2018 $12,062 $371,600 $123,600 $248,000
2017 $12,047 $371,600 $123,600 $248,000
2016 $12,047 $371,600 $123,600 $248,000
2015 $11,902 $371,600 $123,600 $248,000
2014 $11,865 $371,600 $123,600 $248,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 25005468

New Jersey MLS

APN: 31-00012-0000-00015